NEW YORK, NY / ACCESSWIRE / October 26, 2017 / Albemarle shares have been on a rally in the last few weeks moving from under $130 to over $140 for a gain of nearly 10%. Peabody Energy Corporation saw some nice gains on Wednesday after reporting an EPS beat in its third-quarter financial report. Revenue, however, was a miss but optimistic words from the CEO and a growth in net income compared to the year-ago quarter had traders feeling confident.

RDI Initiates Coverage on:

Albemarle Corporation
https://rdinvesting.com/news/?ticker=ALB

Peabody Energy Corporation
https://rdinvesting.com/news/?ticker=BTU

Albemarle Corporation shares closed fairy flat on Wednesday with a loss of 0.14%. The North Carolina-based chemical company didn't have any remarkable news aside from announcing that its vice president of corporate strategy and investor relations, Matt Juneau, would be presenting at the 2017 Deutsche Bank Lithium Supply Chain and Energy Storage Conference on November 16th, in New York City. In the last month, shares have rallied over 7%. Albemarle is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.

Access RDI's Albemarle Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ALB

Peabody Energy Corporation shares closed up 3.23% on Wednesday with nearly 2.5 million shares traded. The company saw its shares move north after reporting third quarter financial results that indicated a net income gain compared to a loss last year. For the quarter, Peabody reported $224.9 million in net income. EPS adjusted was $1.49 a share. Wall Street had been expecting EPS of $1.37 a share. Revenue at $1.48 billion was, however, a miss as analysts were waiting for $1.5 billion. President and CEO Glenn Kellow commented, "Peabody produced powerful results in the third quarter, with the entire team delivering on multiple objectives set out earlier this year. The company sharply increased mining results, improved metallurgical coal volumes and costs, paid down debt, bought back shares, repriced our term loan, enhanced shareholder return flexibility and took steps to monetize non-core assets. We intend to continue to execute on our stated financial approach as we generate cash, reduce debt, invest wisely and return cash to shareholders."

Access RDI's Peabody Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=BTU

Our Actionable Research on Albemarle Corporation (NYSE: ALB) and Peabody Energy Corporation (NYSE: BTU) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com